As entrepreneurs and investors bet on the rapid rise of the Philippines digital consumer base and the large unbanked population, the SE Asian country’s startup ecosystem is bustling with activity.
“[Philippine] startups are scaling, they’re demonstrating the ability to monetise, to go commercial, and investors, local and global, are taking notice,” said Minette Navarrete, vice-chairman and president of corporate venture capital firm Kickstart Ventures, at DealStreetAsia’s Asia PE-VC Summit 2021.